On Monday 10 Nov 2003 2:55 am, Bill wrote: > <**>An enterprising consumer may buy consumer goods > from a retailer. Then, he can open up his own > business to resell them. Will subsidies be given to > the latter? > -------------------- > Why not? If the retailer keeps good records, things > that he sells that are purchased from him for resale > rather than consumption are excluded from the sales > tax he has to pay and collect. Presumably something > like it would apply to the discount. Things that he > sells for resale do not qualify for the retail > discount. The person who resells those things will > qualify for the discount if he is enrolled in the > program. ---------------------------------------
If I buy from a retailer at the discounted price, goods to sell in my unregistered Spaza shop, my customers get the benefit of the lower price anyway. I do not need to register and receive the discount. Pre-discount purchases + markup - discount comes to the same thing as Discounted goods + markup. Our VAT system has the same effect, in reverse -- registered vendors collect VAT so that unregistered vendors buy at cum-VAT prices, add their markup, but don't collect VAT from their customers. We don't have to complicate the system for registered vendors. Jessop. ---------- --^---------------------------------------------------------------- This email was sent to: [EMAIL PROTECTED] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84IaC.bcVIgP.YXJjaGl2 Or send an email to: [EMAIL PROTECTED] TOPICA - Start your own email discussion group. FREE! http://www.topica.com/partner/tag02/create/index2.html --^----------------------------------------------------------------
